Topic: Who here is shorting Moneros? - page 3. (Read 7568 times)

Shorting is too risky, you make more gains holding long term at the end of the day, or trading for great up and coming projects like Maidsafe. Im aiming at minimum doubling my total BTC stack with in the next months.

Nostalgia? Caution: I hope nobody is still doin' this!

That's a very old topic - is there a specific reason for bumping it again?

There are definitely more than 2 places to short Bitcoin. At least there's a third exchange: OKCoin + a few discount brokers (Plus500, Xcfd,....) are offering short positions on Bitcoin price.

I guess hindsight is one of those things you really ought to have ahead of time. 

True... I mean I see this rally running out of steam and people are getting too greedy too fast. I always play it safe so I just closed all my long positions at 383 on bitf
Watching closely for a momentum change to maybe open short positions real soon

I am shorting too, no hard attack yet

Even if you get lucky with a successful short there are only small gains to be had at present. Plus, the odds are you will get unlucky shorting in a rising market.

I stopped to short Bitcoin for a while, until things settle down.

I don't wanna have an premature heart attack

Yea shorting bad. No go to moon

Epic trader. I salute you, sir

I have made a lot of money shorting bitcoin many times but have covered always around 300... There are too many companies and retail investors ready to buy many coins below 300 so dips below there will continue to get harder and harder. That's why this dip we only got to 315. I have stopped shorting this month for one simple reason.......

EVERYONE IS TRYING TO SHORT WHICH WILL LEAD TO A HUGE BOUNCE WHEN EVERYONE TRIES TO COVER THEIR SHORT!

Right now short interest is at 62% but the rate of it's rise is slowing down... Also a few weeks ago they literally ran out of bitcoin to lend out to shorters.
Basically for people who don't get how this works, I will explain it is very simple.
Someone lends bitcoin to me at a certain interest rate. I used that borrowed bitcoin with my collateral(more bitcoin) and instead of shorting a few coins I could now short approx 10. I then make a contract with the exchange to BUY BACK those ten bitcoin in the future(hopefully at a lower cost so I profit)
This is where the magic happens... If the price doesn't go down but it goes up instead then I must buy back those ten bitcoin at a loss, at a higher price, and if I wait too long(maybe a $50-100 increase in btc price) they will literally take all your collateral and just place a buy order for the 10 bitcoin right there. This is what is happening everyday now. Literally every order(long or short) will eventually be a buy order for the market! This is how the stock market had many repeated bubbles like we will have here for bitcoin!

More shorters will cover everyday and every rise more shorters will assume this is a ATH and short more but they will have to cover another day. More buyers entering the market while more miners hold for larger gains. Everyday there will be huge jumps up and the snowball effect will now become a moon launch. I really don't think we have built the rocket to the moon yet with the amount of buyer currently in the market but who knows maybe we will soon.

All I know is all I used to do was short bitcoin. I did it again and again every pop, every good news that came out even paypal... but now I am on the long side. I keep seeing us bounce off the 300 level and I see higher lows while the double bottom has been confirmed. I am now 110% long using my margin for a long position now.
Bye bye bears. See you around the 400 level maybe 

I don't like to short it, that makes me unsafe.

I've shorted BTC in the past using BTc-e's metatrader platform. 

Those are buying with margins in other words betting on the price movement with money you don't own with just a small sum as collateral. Same like forex which allows you to win a lot or either lose a lot. There are also quite a number of chinese exchangers allowing the same services on buying with margin

I would argue that it is a good long term bet to short most alt coins as they seem to tend to always eventually go down

I considered the bitusd thing. But it felt so unBitcoin

bitshares allows you to bet against btc by exchanging your btc for bitusd, bit gold or bityuan,  other assets against btc.

you can sell bitbtc short.

Of course at this time,  with the usd on a strong bull run , the best bet would be to buy bitusd and sell bitbtc short.

All this is possible on bitshares platform.  the only thing is if you are short btc and the price rises, you may be forced to cover your short with bts.   bts = bitshares.

I would say that this setup would involve you having a EV positive return, however there is still a chance of you losing money if the price moves too quickly against the parties that are borrowing your bitcoin too quickly, as you could potentially lose a good amount of the amount borrowed.

Dicers all like HUC   What's up with that?

I bought some LTC some time, end of December. The value doubled overnight. I sold them all. The value of LTC is now very low, and I don't think it's going back up to it's previous levels any time soon. That would be a long term investment which I'm not willing to take right now.